Vail Resorts (MTN) has released an update.
Vail Resorts, Inc. has set the price for a $600 million senior notes offering at 6.500% due in 2032, with the closing expected on May 8, 2024. These notes, to be unsecured and guaranteed by certain subsidiaries, aim to fund the redemption of the company’s existing 6.250% senior notes due in 2025. The offering targets qualified institutional buyers and non-U.S. persons, adhering to specific securities regulations.
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